PI Ratings

As a part of compliance requirement of Bangladesh Bank, CRISL has released the ratings of the following banks, non-life insurance companies, pharmaceuticals & cement sector companies on the basis of the Public Information (PI) as published by the companies in its Annual Report, Annual financial statements upto December 31, 2014 and other available published information.

The above mentioned ratings lack some relevant quantitative as well as qualitative information which might have impact on the ratings.

CRISL released following PI ratings


Sector Name Name of Bank PI Rating 2014
Bank Long term Short term
list_19  State-owned Commercial Bank
  • Sonali Bank Limited
  • Rupali Bank Limited
(PI) BBB+ (PI) ST3
  • Janata Bank Limited
(PI) BBB (PI) ST-3
  • Agrani Bank Limited
(PI) BBB (PI) ST-3
list_19  Foreign Commercial Bank
  • National Bank of Pakistan
(PI) B (PI) ST-5
  • State Bank of India
(PI) A+ (PI) ST-3
list_19  Private Commercial Bank
  • Uttara Bank Limited
(PI) A (PI) ST-2
  • Dhaka Bank Limited
(PI) A+ (PI) ST2
  • United Commercial Bank Limited
(PI) A+ (PI) ST2
  • BRAC Bank Limited
(PI) A+ (PI) ST2
  • Dutch Bangla Bank Limited
(PI) AA (PI) ST1
  • Pubali Bank Limited
(PI) A+ (PI) ST2
  • IFIC Bank Limited
(PI) A+ (PI) ST2
  • The City Bank Limited
(PI) A+ ( PI)ST3
  • NCC Bank Limited
(PI) A+ (PI) ST2
  • Standard Bank Limited
(PI) A+ (PI) ST2
  • One Bank Limited
(PI) A+ (PI) ST2
  • The Premier Bank Limited
(PI) A- (PI) ST3
  • Jamuna Bank Limited
(PI) A+ (PI) ST2
  • AB Bank Limited
(PI) A+ (PI) ST2
  • Shahjalal Islami Bank Limited
(PI) A (PI) ST-2
  • First Security Islami Bank Limited
( PI)A- (PI) ST-3
  • Social Islami Bank Limited
(PI) A+ (PI) ST2


Sector Name Name of the Company   Claim Paying Ability (CPA) Rating
Non-life Insurance Agrani Insurance Company Ltd. (PI) A-
Asia Pacific Gen Insurance Co. Ltd. (PI) A-
Bangladesh General Insurance Co. Ltd. (PI) A
Eastern Insurance Company Ltd. (PI) A
Global Insurance Ltd. (PI) BBB+
Green Delta Insurance Co. Ltd. (PI) AA
Islami Insurance Bangladesh Ltd. (PI) BBB+
Janata Insurance Company Ltd. (PI) BBB
Karnaphuli Insurance Company Ltd. (PI) A
Mercantile Insurance Company Ltd. (PI) A
Northern General Insurance Company Ltd. (PI) BBB+
Pragati Insurance Ltd. (PI) A+
Pramount Insurance Company Ltd. (PI) BBB+
Provati Insurance Company Ltd. (PI) BBB+
Republic Insurance Company Ltd. (PI) BBB+
Sonar Bangla Insurance Company Ltd. (PI) A-
Standard Insurance Ltd. (PI) BBB+


Sector Name Name of the Company PI Rating
Long Term Short Term
Pharmaceuticals Renata Limited (PI) AA (PI) ST-2
The Ibn Sina Pharmaceutical Industry Ltd. (PI) A- (PI) ST-3
GlaxoSmithKline Bangladesh Limited (PI) A+ (PI) ST-3
Cement M.I. Cement Factory Limited (PI) A+ (PI) ST-3
HeidelbergCement Bangladesh Limited (PI) AA- (PI) ST-2
Lafarge Surma Cement Limited (PI) AA- (PI) ST-2